Monad Reveals Mainnet and Token Launch Date Following Airdrop Claim

Monad is set to launch its mainnet layer-1 network on November 24, alongside the release of its MON token. This network aims to compete with Ethereum and Solana by offering high transaction speeds and low fees. In the past 24 hours, pre-market trading for the MON token has seen over $14 million in volume on Hyperliquid. The Monad Foundation has raised over $240 million, primarily from crypto venture fund Paradigm, to develop this highly scalable network. With a current expectation to handle 10,000 transactions per second and minimal gas fees, the mainnet launch follows a successful testnet phase earlier this year. Eligible airdrop participants, totaling nearly 225,000 users, were carefully selected to ensure quality engagement. Trading for the MON token will officially commence with the mainnet launch, and Kraken has already announced its availability on the platform from day one.

Source 🔗